Fitch: Abu Dhabi may support Dubai

Fitch Ratings said Abu Dhabi's considered and so far indirect financial support for Dubai is in line with the agency's understanding of Abu Dhabi's attitude to support.

A conservative attitude to support helps underpin Abu Dhabi's AA long-term foreign-currency issuer default rating. Its outlook is stable.

Fitch said it expects Abu Dhabi to preserve its own balance sheet strength and avoid actions that could jeopardize its own creditworthiness.

Abu Dhabi explained recently that although it has no legal obligation to do so, it might choose to provide financial support to other emirati governments faced with difficulties, the agency said.

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